ELB considerations
While there are a number of valuable benefits to NAC VersaChoice fixed index annuity and the ELB rider, there are several things to consider. To qualify for ADL-based rider benefits At the time the rider becomes effective, the annuitant has to be able to perform all six activities of daily living. The six ADLs include: 1. Bathing - Washing yourself by sponge bath in a tub or shower, including getting in or out. 2. Continence - Bowel and bladder control or, when unable to maintain control, the ability to perform associated personal hygiene. 3. Dressing - Includes putting on and taking off clothing and any necessary braces, fasteners or artificial limbs. 4. Eating - Being able to feed yourself or manage a feeding tube or intravenous feeding. 5. Toileting - Getting to and from the toilet, getting on and off it and performing associated personal hygiene. 6. Transferring - Moving into or out of a bed, chair or wheelchair. To take advantage of the benefits, additional conditions have to be met: • The waiting period for that specific benefit has been met (if applicable, see page 6); and • Notification to us of the election to take either waiver of surrender charge based on activities of daily living or the payout benefit; and • We will need to receive written proof, acceptable to us, from a physician (Licensed Health Care Practitioner in California), who has certified as required that the annuitant is unable to meet two of six ADLs with an expectation the condition(s) is/are permanent. (Some states may vary). For full ADL definitions, please refer to the product disclosure.
26351Z
7
REV 8-23
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